Asian Economy

Asian Economy News

IMF lowers global growth rate projections for 2019 to 3.5% citing slowdown in several advanced economies
Business

IMF lowers global growth rate projections for 2019 to 3.5% citing slowdown in several advanced economies

Global growth in 2018 is estimated to be 3.7 percent, as it was last fall, but signs of a slowdown in the second half of 2018 have led to downward revisions for several economies, IMF said.

Cabinet approves production from three naphtha-based urea plants
Economy

Cabinet approves production from three naphtha-based urea plants

In 2013-14, the cost of production of urea per tonne from each of these units was more than Rs 43,000 while in the case of units using domestic gas as feedstock, it hovered between Rs 10,000 and Rs 18,000 per tonne.

Worried on China, ADB cuts growth forecast for developing Asia
Economy

Worried on China, ADB cuts growth forecast for developing Asia

The Asian Development Bank (ADB) said on Tuesday it has lowered its growth forecasts for developing Asia this year and the next as a softer outlook for the world's second-biggest economy China meant subdued economic activity elsewhere in the region.